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SebReiter(Devotee)Devotee
7 Feb 2021

Hi Martyn2

SM2304 is right, money can't be transferred from one person's super account to another person's super account.

You'd need to receive a benefit payment from your account, then contribute this money to your wife's account as a new super contribution.

You'd need to be eligible to receive a payment - ie have reached retirement ago, or meet an early condition of release such as compassionate release or financial hardship. Depending on your age there'd be tax payable on the payment you receive.

Depending on your wife's situation and whether a deduction is claimed for the contribution to her account there'd be tax implications for the contribution as well.

I'm an ATO employee voluntarily providing my time here

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Most helpful reply

SebReiter(Devotee)Devotee
7 Feb 2021

Hi Martyn2

SM2304 is right, money can't be transferred from one person's super account to another person's super account.

You'd need to receive a benefit payment from your account, then contribute this money to your wife's account as a new super contribution.

You'd need to be eligible to receive a payment - ie have reached retirement ago, or meet an early condition of release such as compassionate release or financial hardship. Depending on your age there'd be tax payable on the payment you receive.

Depending on your wife's situation and whether a deduction is claimed for the contribution to her account there'd be tax implications for the contribution as well.

I'm an ATO employee voluntarily providing my time here

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Are there tax implications if I tranfer some funds from my super to my wife's account? | ATO Community